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TurboTax doubling my IRA contributions
I contributed $7000 (my maximum) to a Roth IRA February '22. I recharacterized this contribution as one to a traditional IRA. After answering all the TurboTax questions correctly, (recharacterized? Yes. Contributed between 1/22 and 4/18/22? Yes.) it shows that I contributed $14,000 instead of the $7000. IRS instructions say that a proper recharacterization should be reported under the IRA it was recharacterized to (the tradional IRA,) and not the original IRA. What's up with this?
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‎April 10, 2022
1:01 PM